Prajogo's PTRO and CDIA Forge Business Synergy

PT Petrosea Tbk (PTRO) and PT Chandra Daya Investasi Tbk (CDIA), through its subsidiary PT Chandra Investasi Prima, have officially established a business synergy by signing a substation rental agreement on 30 June 2026. PTRO acts as the lessee, whilst CDIA serves as the provider of the substation or electric vehicle charging infrastructure for Petrosea’s fleet. PTRO is leasing the facility as part of implementing green mining practices. The company will utilise the substation facility to support mining project operations in the area owned by PT Multi Tambangjaya Utama in Ugang Sayu, Gunung Bintang Awai District, South Barito Regency, Central Kalimantan. Petrosea believes the electric vehicle infrastructure will strengthen the company’s operational reliability and efficiency, whilst simultaneously reducing carbon emissions through the use of cleaner and more efficient technology. “This initiative is aligned with Petrosea’s strategy in promoting sustainable business practices, including decarbonisation efforts through improved energy efficiency and greenhouse gas emission reductions,” explained Petrosea President Director Michael in an official statement on Thursday. The company hopes that this initiative will foster more efficient, low-emission, and sustainable operations in the future, as well as strengthen the company’s contribution to all stakeholders.